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A service for banking industry professionals · Friday, June 9, 2023 · 638,568,021 Articles · 3+ Million Readers
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International Monetary Fund News Monitoring

  • Published on 07:31 GMT

    Dar defends policies, blames IMF for crisis

    KARACHI: Fiscal year 2023 has come to a close, leaving Pakistan grappling with one of the worst economic downturns in recent history. As the country faces multiple challenges, Finance Minister Ishaq Dar, has defended his policies while shifting blame onto …

    Source: The Express Tribune - Neutral
  • Published on 03:26 GMT

    IMF Says Fed May Need To Push Interest Rates Higher For Longer — 'Inflation Does Remain A Pressing Concern'

    The International Monetary Fund on Thursday reportedly called on the Federal Reserve and other central banks to “stay the course” on their monetary policy and remain vigilant in tackling inflation. IMF spokesperson Julie Kozack said inflation momentum has …

    Source: Benzinga - Neutral
  • Published on 02:49 GMT

    IMF urges ‘convincing’ budget for any chance of more funds

    KARACHI: Pakistan has to satisfy the International Monetary Fund on three counts, starting with a budget due on Friday (today), before its board reviews whether to release at least some of the $2.5 billion still pending under a lending programme expiring …

    Source: Dawn - Neutral
  • Published on 07:42 GMT

    New govt to pursue IMF for next loan program, says Ishaq Dar

    ISLAMABAD – Finance Minister Ishaq Dar clearly indicated on Thursday that the incumbent government would not take further measures to revive the stalled program of the International Monetary Fund (IMF), which is set to expire on June 30. Instead, the …

    Source: Profit by Pakistan Today - Neutral
  • Published on 09:34 GMT

    Pakistan to push growth to 3.5% with IMF conditions

    “This is going to be a challenging budget,” said Sana Tawfik, a Karachi-based economist at Arif Habib Ltd. The government will “find a middle ground that will definitely be tilted toward the IMF.” Image Credit: REUTERS Islamabad: Pakistan’s government will …

    Source: Gulf News - Pro-Government
  • Published on 06:30 GMT

    Watched by IMF, govt to present budget for new fiscal year today

    The government is set to present its annual budget to Parliament later today, aiming to meet the requirements of the International Monetary Fund (IMF) in order to potentially secure the release of additional bailout funds. The risk of default on sovereign …

    Source: Dawn - Neutral
  • Published on 04:02 GMT

    IMF praises Norway's economic resilience

    OSLO, June 8 (Xinhua) -- The International Monetary Fund (IMF) released its yearly assessment of Norway's economy and economic policies on Thursday, praising the Nordic country's robust economic performance. Norway's production experienced …

    Source: Xinhua News Agency - Gov't Propaganda
  • Published on 09:22 GMT

    Under public and IMF’s watchful eyes, Ishaq Dar set to present federal budget shortly

    ISLAMABAD: Pakistan will present the federal budget for the coming fiscal year (2023-24) today, looking to balance requirements of its International Monetary Fund (IMF) programme with those of the public that is getting increasingly agitated over record …

    Source: Business Recorder - Neutral
  • Published on 02:55 GMT

    Stakeholders expect tough budget under IMF shadow

    KARACHI: Amid 38 per cent inflation and uncertain exchange rates, stakeholders have ruled out a pro-consumer budget for 2023-24. The government tried to help the masses by cutting the diesel price by Rs35 per litre followed by a drop of Rs80 per kg/ …

    Source: Dawn - Neutral
  • Published on 04:33 GMT

    Watched by IMF, Pakistan to present budget amid economic, political crises

    Pakistan's government will present its annual budget to parliament on Friday needing to satisfy the IMF to have any chance of securing the release or more bailout money, with the crisis-riven country due to hold elections by November. The risk of …

    Source: Devdiscourse - Neutral
  • Published on 08:31 GMT

    Presidential nominee Azour temporarily steps away from IMF role

    International Monetary Fund official Jihad Azour, who has been nominated for the long-vacant Lebanese presidency, has "temporarily relinquished" his responsibilities at the lender, an official at the body said. "In order to avoid any …

    Source: Naharnet - Neutral
  • Published on 07:07 GMT

    IMF Mideast Head Steps Aside Amid Lebanon Presidency Nominations

    (Bloomberg) -- The International Monetary Fund’s head of the Middle East and Central Asia, Jihad Azour, is stepping down temporarily due to a conflict of interest after a group of Lebanese lawmakers nominated him for president. Several prominent political …

    Source: BNN Bloomberg - Neutral
  • Published on 04:42 GMT

    IMF blamed for cutbacks in social services

    ISLAMABAD: The federal government has blamed the International Monetary Fund (IMF) for cutbacks in the social services and phasing out of food subsidies, admitting that Pakistan has dropped seven places in the Human Development Index (HDI), ranking 161 out …

    Source: Business Recorder - Neutral
  • Published on 02:12 GMT

    Pakistan to Push Growth to 3.5% Amid IMF Austerity Measures

    Pakistan’s government will present a carefully-knitted together budget for the next financial year as it looks to balance boosting stuttering economic growth with the tough conditions imposed by the International Monetary Fund to revive a bailout program. …

    Source: Bloomberg - Neutral
  • Published on 05:01 GMT

    Pakistani govt presents federal budget for FY24 today with new taxes of Rs700bn to woo IMF

    ISLAMABAD – The coalition government is poised to unveil its budget for fiscal 2023-24 today on Friday as a political crisis swirls, and inflation touches record highs. The draft of the budget with over Rs6 trillion deficit will be first presented in the …

    Source: Daily Pakistan - Label Pending
  • Published on 04:09 GMT

    HILARY JOFFE: With IMF warning of sovereign distress, survival means higher growth

    It recommends SA embark on fiscal consolidation if it wants to avoid debt distress 09 June 2023 - 05:00 Hilary Joffe The IMF publishes an annual Article IV report on the state of every one of its 190 member countries, drawing on the research of its vast …

    Source: BusinessLIVE - Uncategorized
  • Published on Jun 8, 2023

    IMF expects 'continued tangible progress' from global sovereign debt roundtable

    WASHINGTON, June 8 (Reuters) - The International Monetary Fund on Thursday said it expects the global sovereign debt roundtable to make "tangible" progress toward quicker debt restructurings for heavily indebted countries during a series of …

    Source: Reuters - Neutral
  • Published on Jun 8, 2023

    IMF Public Debt Management Forum Lays Out Issues Facing Debt Managers Amid A Time Of Turbulence

    The International Monetary Fund (IMF) and the Spanish Ministry for Economic Affairs and Digital Transformation co-hosted the 19th Public Debt Management Forum in Madrid on June 7th and 8th. The event brought together senior government officials and private …

    Source: Mondovisione - Neutral
  • Published on Jun 8, 2023

    IMF: Argentina facing ‘very complex’ economic situation

    The International Monetary Fund (IMF) says its staff are “working very hard” with Argentina to redraw the terms of the inflation-wracked country’s multi-billion-dollar debt deal and cope with the “very complex” economic situation it faces. Speaking during …

    Source: Buenos Aires Times - Neutral

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